I've been looking to purchase my first home in Houston, Tx. I'm nervous as any first time home buyer would be. I had the inspection report done and an item he mentioned was the wiring in the home is old. It is aluminum "tube" wiring on a 1930s, 2800sq ft, duplex.

I'm buying it primarily for the location but like the idea of being able to have a renter and someone there all the time, I'm a pilot and gone a lot.

Can anyone give me an idea of what to expect cost wise to have this replaced with modern wiring? The property has all kinds of initial issues, pier and beam foundation needs work, electrical wiring, and roof could have a leak but like I said the value is in the land. I'm not sure how much the current seller is willing to budge on the repair costs so I'm thinking of pushing him to have the foundation repaired then I'd tackle the cost of the electrical rewiring. I use to do roofing in the past so I'm not too worried about I can do all of that on my own with the help of a few laborers.

Thanks for any help!

EDIT** It should be known there are two breaker boxes on the outside. One for each unit.

I've been looking to purchase my first home in Houston, Tx. I'm nervous as any first time home buyer would be. I had the inspection report done and an item he mentioned was the wiring in the home is old. It is aluminum "tube" wiring on a 1930s, 2800sq ft, duplex.

I'm buying it primarily for the location but like the idea of being able to have a renter and someone there all the time, I'm a pilot and gone a lot.

Can anyone give me an idea of what to expect cost wise to have this replaced with modern wiring? The property has all kinds of initial issues, pier and beam foundation needs work, electrical wiring, and roof could have a leak but like I said the value is in the land. I'm not sure how much the current seller is willing to budge on the repair costs so I'm thinking of pushing him to have the foundation repaired then I'd tackle the cost of the electrical rewiring. I use to do roofing in the past so I'm not too worried about I can do all of that on my own with the help of a few laborers.

Thanks for any help!

EDIT** It should be known there are two breaker boxes on the outside. One for each unit.

My question is why do you expect him to budge at all over these issues??
If they are that obvious I would assume that was taken into account with the price.
Is the price high? Average? Low?

All we know is this is 2800 sq/ft duplex in Tx. With just that it is nearly impossible to even guess. Maybe $6-7000. Maybe $12-15K. maybe more.
You have to remember, you have two smaller homes in one.

I purchased a home from 1927, it had real old BX cable, I opened most of the walls and had the electrician replace it if he could see it. So i replaced about 95% of the wires in my house and it cost me around $10k. The house is about 2000sqft